Ownership and Management

Ownership and Management

9th - 12th Grade

31 Qs

quiz-placeholder

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Ownership and Management

Ownership and Management

Assessment

Quiz

Business

9th - 12th Grade

Hard

CCSS
RI.11-12.5, RI.6.5, RI.7.5

+2

Standards-aligned

Created by

Ryan P

Used 1+ times

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of business is owned by one person and the easiest to set up.

Partnership

Sole Proprietorship

Corporation

Franchise

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of business is owned by many people called stockholders.

Sole Proprietorship
Partnership
Corporation
Franchise

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Disadvantage: owner pays for everything

Advantage: easy to set up

Sole Proprietorship

Partnership

Corporation

Franchise

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Disadvantage: share profits

Advantage: share skills and share risks.

Sole Proprietorship

Partnership

Corporation

Franchise

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Disadvantage: double taxation

Advantage: selling stock to raise money

Sole Proprietorship

Partnership

Corporation

Franchise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a form of business ownership in which 2 or more people jointly owns a business

Sole Proprietorship

Company

Partnerships

Limited Liability

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is liability?

Owners of a business are personally responsible for business debts

The government is responsible for business debts

The community are responsible for business debts

The government and the owners of the business both are responsible for business debts

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